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$678

FEDERAL REGISTER, Tuesday , August 22, 1939

at once be counted as reserve and be come available for withdrawal or other use by the sending bank; provided, how Securities and Exchange Commis P age ever, that the Federal Reserve bank may sion:
in its discretion refuse at any time to Central Power and Light Co., m y effectiveness of declaration. 3691 permit the withdrawal or other use of credit given for any item for which the Federal Reserve bank has not yet re ceived payment in actually and finally P u b lis h e d b y t h e D iv isio n o f t h e F e d e ra l Each Federal Reserve bank shall collected funds.
R e g is te r, T h e N a tio n a l A rch iv es, p u r s u a n t to t h e a u t h o r i ty c o n ta in e d i n t h e F e d e ra l exercise the functions of a clearing 3
For all such checks as are received R e g is te r A ct, a p p ro v e d J u ly 26, 1935 49 house and collect checks under the gen for deferred credit in accordance with S t a t . L . 5 0 0 , u n d e r r e g u la tio n s p re sc rib e d b y t h e A d m in is tr a tiv e C o m m itte e , w i t h t h e eral terms and conditions hereinafter such time schedule, deferred credit, sub set forth, and each member bank and ject to final payment, will be entered a p p ro v a l o f t h e P re s id e n t.
T h e A d m in is tr a tiv e C o m m itte e c o n s is ts of nonmember clearing bank shall coop t h e A rc h iv ist o r A c tin g A rc h iv ist, a n officer erate fully in the system of check clear upon the books of the Federal Reserve o f t h e D e p a r tm e n t o f J u s t i c e d e s ig n a te d by bank at full face value, but the proceeds t h e A tto rn e y G e n e ra l, a n d t h e P u b lic P r i n t e r ance and collection for which provision will not be counted as reserve nor become o r A c tin g P u b lic P r in te r .
is herein made.t available for withdrawal or other use by T h e d a ily iss u e o f t h e F ederal R egister 210.3 Checks received for collection. the sending bank until such time as may w ill b e f u r n is h e d b y m a il t o su b s c rib e rs , fre e 1
Each Federal Reserve bank shall re o f p o sta g e , f o r $1 p e r m o n t h o r $10 p e r y ear;
be specified in such time schedule,2 at sin g le co p ies 10 c e n ts e ach ; p a y a b le i n a d ceive a t par from member and nonmem which time credit will be transferred v a n c e . R e m it b y m o n e y o rd e r p a y a b le t o ber clearing banks in its district, from from the deferred account to the reserve S u p e r in te n d e n t o f D o c u m e n ts , G o v e rn m e n t other Federal Reserve banks, and from account or clearing account subject to P r i n t i n g Office, W a s h in g to n , D . C.
all member and nonmember clearing C o rre sp o n d e n c e c o n c e rn in g t h e p u b lic a
final payment and will then be counted tio n o f t h e F ederal R egister s h o u ld b e a d banks in other Federal Reserve districts d re sse d t o t h e D ire c to r, D iv isio n o f t h e which are authorized to route direct for as reserve and become available for withdrawal or other use by the sending F e d e ra l R e g iste r, T h e N a tio n a l A rchives the credit of their respective Federal bank; provided, however, that the Fed W a s h in g to n , D. C.
Reserve banks, checks1 drawn on all eral Reserve bank may in its discretion member and nonmember clearing banks refuse at any time to permit the with of its district, and checks drawn on all drawal or other use of credit given for CONTENTSContinued other nonmember banks of its district any item for which the Federal Reserve which are collectible at par in funds ac bank has not yet received payment in Civil Aeronautics AuthorityCon.
Notice of hearingsCon.
Page ceptable to it.
actually and finally collected funds. t 2 Each Federal Reserve bank may Mirow Air Service--------------- 3685
210.5 Terms of collection. The receive at par from member and non Northern Cross, Inc------------ 3685
Board of Governors of the Federal Re Pan American Airways Co 3686 member clearing banks in its district, serve System hereby authorizes the Fed Pollack, Prank V__________- 3685 checks drawn on all member and non eral Reserve banks to handle such checks member clearing banks in other Federal subject to the following terms and con Star Air Lines, Inc. 2 no tices __________ _ 36853686 Reserve districts, and checks drawn on ditions; and each member and non Wien Alaska Airlines, Inc----- 3686 all other nonmember banks in other member clearing bank which sends Woodley, A. G________ ___ 3685 Federal Reserve districts which are col checks to any Federal Reserve bank for lectible at par in funds acceptable to the deposit or collection shall by such action Committee for Reciprocity Infor collecting Federal Reserve bank.
mation:
be deemed a to authorize the Federal Trade agreement negotiations 3 No Federal Reserve bank shall re Reserve banks to handle such checks with Belgium___________ 3686 ceive on deposit or for collection any subject to the following terms and con Department of Agriculture:
check drawn on any nonmember bank ditions; b to warrant its own authority which cannot be collected at par in to give the Federal Reserve banks such Pood and Drug Administration:
funds acceptable to the Federal Reserve authority; c to agree to indemnify Hearings on definition and any Federal Reserve bank for any loss bank.t standard of identity for:
210.4 Time schedule and availability or expense sustained including but not Cheddar cheese, washed of credits. 1 Each Federal Reserve limited to attorneys fees and expenses curd cheese, and Colby bank will publish a time schedule show of litigation resulting from the failure cheese______________ 3683 ing the time at which any item sent to of such sending bank to have such Cream cheese___________ 3683 it will be counted as reserve and become authority, or resulting from such Fed available for withdrawal or other use eral Reserve banks guaranty of prior Department of the Interior:
by the sending bank. For all checks endorsements, or resulting from any Districts 1-20, 22, and 23, notice received, the sending bank will be given action taken by the Federal Reserve relative to final hearing on immediate credit, or deferred credit, in hank within the scope of its authority minimum prices--------- - 3683 accordance with such time schedule, and for the purpose of collecting such Department of State:
checks; and d to guarantee all prior as provided below.
Trade agreement negotiations 2 For all such checks as are re endorsements on such checks whether or with Belgium___________ 3682 ceived for immediate credit in accord not a specific guaranty is incorporated ance with such time schedule, immedi in an endorsement of the sending bank.
Federal Surplus Commodities 1 A Federal Reserve bank will act ate credit, subject to final payment, will Corporation:
be given upon the books of the Federal only as agent of the bank from which it Designation of areas under sur Reserve bank at full face value in the receives such checks and will assume no plus food stamp program 3690 reserve account or clearing account up liability except for its own negligence Federal Trade Commission:
on day of receipt, and the proceeds will and its guaranty of prior endorsements.
2 A Federal Reserve bank may pre Haase, Wilbert W., Co., Inc., et 1A c h e c k is g e n e ra lly d e fin e d a s a d r a f t or sent such checks for payment or send al., order appointing exami o rd e r u p o n a b a n k o r b a n k in g h o u se , p u r
ner, etc_._______________ 3690 p o r tin g t o b e d ra w n u p o n a d e p o s it of f u n d s , such checks for collection direct to the fo r t h e p a y m e n t a t a ll e v e n ts of a c e r ta in Rural Electrification Administra 2 F o r r u le s fo r c o m p u ta tio n o f reserv es a n d s u m of m o n e y t o t h e o rd e r o f a c e r ta in p e r
tion:
so n t h e r e in n a m e d , or t o h i m o r h is o rd e r, p e n a ltie s f o r d eficien cies i n reserves, see R eg u l a t i o n D, Secs. 2 a n d 3.
Allocation of funds for loans 3690 o r t o b e a re r, a n d p a y a b le o n d e m a n d .
CONTENTSContinued